NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. With the use of Nightshade technology, the Near Protocol blockchain improves transaction output. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. What is Near Protocol (NEAR)? NEAR is the native token of the Near Protocol. The protocol provides developers with modular components, helping them start projects like token contracts or NFTs more quickly. It was founded by Erik Trautman, Illia Polosukhin, and Alexander Skidanov. NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. Now, let’s look at the price analysis of Near Protocol for the coming years. Near Protocol Price Analysis Flashback: Fundamental Analysis of Near Protocol NEAR raised $150 million for projects building on NFTs, DAOs and gaming. This will be used to accelerate the adoption of Web3 technologies. Near Protocol entered into partnership with Elliptic, a blockchain analytics protocol, to enhance the security and on-chain forensics of the NEAR Protocol. This helped to increa...
